Media Release

Octaware Technologies Limited

One Hundred and Seventy Sixth SME Company to get listed on BSE SME Platform

Mumbai, April 3, 2017: SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.

Octaware Technologies Limitedbecame176thcompanyrespectively to get listed on the BSE SME Platform on April 3, 2017. Octaware TechnologiesLimitedcame out with an initial public offering of 9,55,200Equity Shares of Rs.10/- Each (“Equity Shares”) For Cash At a Price Of Rs.90/- Per Equity Share(The “Offer Price”), Aggregating to Rs.’859.68’ lacs.The company has successfully completed its public issue on March 24, 2017.

Octaware Technologies Limited is a Maharashtra based Company whose registered office is at Mumbai. The company is engaged in the business of providing a range of Information Technology (IT) solutions to companies across sectors such as Healthcare, Education, Telecom, Oil and Gas, Real Estate & Construction, Banking & Financial Services and Manufacturing sectors. It also design, develop and maintain software systems and solutions, create new applications and enhance the functionality of the customers’ existing software products.

Mumbai based Aryaman Financial ServicesLimited was the lead manager for Octaware Technologies Limited.

The 176 companies listed on BSE SME Platform have raised Rs.1392.01 crores from the market and total market capitalization of 176 companies as on 3rd April, 2017 is 16,940.68 Crores. BSE is the market leader in this segment with a market share of 81 percent.

The response since the launch of this platform by BSE has been very positive and till date, the following 175 companies have already listed on this platform